Bullish Engulfing Pattern in Strong Stocks

Bullish Engulfing Pattern in Strong Stocks Image
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Consistent strong performing stocks that show a bullish engulfing pattern


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The Bullish Engulfing Pattern

The Bullish Engulfing candle pattern is considered a bullish reversal pattern in technical analysis, when it occurs at the bottom of a downtrend. It consists of two candles where the second candle completely envelops the body of the first one.

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Strong Stocks

Strong stocks are consistent strong performers in the market

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How to Trade Bullish and Bearish Engulfing Patterns?

A short video on how to use the bullish and bearish engulfing candlestick signals to find reversal patterns in any price chart.

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Bullish Engulfing Candlestick Pattern in Technical Analysis

The Bullish Engulfing candlestick pattern is a bullish reversal candlestick pattern at the bottom of a downtrend. Candlestick are used in technical analysis. This specific pattern consists of two candles where the second bullish candle completely envelops the body of the first bearish candle as a sign of bullish momentum.

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5 momentum screening ideas using ChartMill

In this video I’ll be covering 5 predefined momentum screening ideas from our Trading Ideas' section in ChartMill. Momentum trading means that you are primarily concerned with short-term positions. The intention is to buy stocks which are already rising and to sell them again quickly as soon as the first signs are visible that the rising is losing momentum. As an investor you try to benefit from the high volatility associated with the rise in this relatively short time.

Stock Screener Settings

Candlestick: Bullish Engulfing

The actual Bullish Engulfing signal

Price: Above 5

This filter excludes all stocks that are trading below 5 dollar.

Average Volume: 50 SMA > 200K

This filter excludes all stocks that have a lower daily average volume than 200K.

Signal: Strong Stocks

This filters for strong stocks. Strong stocks are high relative strength stocks that show a stable uptrend.

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Chart Settings

10SMA and 20SMA

Regional Run

Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.